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Please explain how to get each number! Will rate!! P11-1 (LO2) EXCEL GROUPWORK (Depreciation for Partial Period-SL, SYD, and DDB) Alladin Company purchased Machine #201
Please explain how to get each number! Will rate!!
P11-1 (LO2) EXCEL GROUPWORK (Depreciation for Partial Period-SL, SYD, and DDB) Alladin Company purchased Machine #201 on May 1, 2017 The following information relating to Machine #201 was gathered at the end of May. Price Credit terms Freight-in Preparation and installation costs Labor costs during regular production operations $85,000 2/10, n/30 $ 800 3,800 $10,500 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Alladin intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,500. The invoice for Machine #201 was paid May 5,2017. Alladin uses the calendar year as the basis for the preparation of financialstatementsStep by Step Solution
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